Proposed superannuation changes

Deputy Prime Minister Trinh Dinh Dung has asked relevant ministries to review the proposal for changes to be made to the Hanoi construction master plan for 2030, with a vision towards 2050. An aerial view of Giai Phong street in Hai Ba Trung district, Hanoi (Photo: VNA) The official assigned the Ministry of Construction to coordinate with the Ministry of National Defence, the Ministry of Environment and Natural Resources, and relevant state agencies to appraise the proposal, while making the Hanoi People’s Committee responsible for providing all necessary information and documents related to the proposed changes. The changes will be made for Dong Anh district’s Xuan Canh, Mai Lam and Dong Hoi communes to create space for the construction of a National Exhibition Centre and auxiliary facilities. The adjustments will be implemented in accordance with management regulations, which were issued along with the Master Plan approved by the Prime Minister. Under the Prime … [Read more...] about Ministries asked to review proposed changes to Hanoi master plan

Once Hong Kong investor OneEnergy Asia Limited receives the Vietnamese government approval, it will become the only investor in the $2.2- billion Vung Ang 2 thermal power plant. The Vung Ang 1 thermal power plant in the central province of Ha Tinh The Ministry of Industry and Trade (MoIT) has collected opinions from the Ministry of Planning and Investment, the Ministry of Finance, and the Ministry of Justice about the proposal to change the investor of Vung Ang 2 thermal power plant. After MoIT received feedback from these ministries, it will forward these to the prime minister for consideration. This comes after the proposal of Vung Ang 2 Thermal Power JSC (VAPCO), a joint venture between local firm Refrigeration Electrical Engineering Corporation (REE) and OneEnergy Asia Limited, which is a 50/50 partnership of Hong Kong’s CLP Holdings and Japan’s Mitsubishi Group. Notably, after REE completed the transfer of its entire holding in VAPCO to OneEnergy, VAPCO … [Read more...] about OneEnergy proposed as sole investor of Vung Ang 2 thermal power plant

HCMC has spent over VND20 trillion (US$900 million) to deal with flooding but worsening flooding after heavy rains has proved the city’s efforts ineffective. Experts attributed the issue to outdated and short drainage system, climate change and rampant urban construction. The city started construction of drainage systems in the valleys of Nhieu Loc-Thi Nghe, Tau Hu-Ben Nghe and Tan Hoa-Lo Gom Canals ten years back to solve flooding. Right after the first sewers were installed, many scientists and experts from authorized agencies found that their size soon outdated and unsuitable with complicated weather condition. They have been designed to drain floodwaters from rains with the precipitation of 75-92mm during three consecutive hours. However, the rainfall of 100-150mm has occurred more regularly. On September 26 this year, a 204mm downpour submerged nearly 60 streets under half a meter of floodwater. This appeared to fail HCMC’s VND20 trillion efforts to cope with … [Read more...] about SGGP English Edition- HCMC anti-flooding fails to keep up with climate change

Ministries, industrial sectors and associations have proposed several changes to a draft on export and import tariffs for next year.
The Price Management Department under the Ministry of Finance said that due to increased world petrol prices, Vietnam 's fuel import tax had been held at 0-5 percent.
The department added that the proposed fuel import tax rate of 0 to 5 percent set for the next year would be lower than the 40 percent rate as required by the World Trade Organisation (WTO) from 2012.
Therefore, it was suggested that next year's rate be calculated based on national commitment to the WTO.
Meanwhile, the Vietnam Cement Industry Corporation (VINCEM) said that an import tax rate of 15 percent based on clinker for 2012 would be too low, causing an adverse impact on domestic producers. As a result, the corporation requested a higher tax level be implemented to help revive the local sector.
However, VINCEM also asked that a zero tax rate be applied in promotion of cement … [Read more...] about Ministries urge changes to import, export tariff levels

VietNamNet Bridge – "The National Anthem has a glorious melody which goes to the heart of people but the lyrics read as ‘The path to glory is built by the bodies of our foes.’ It should be changed to suit the new development period," a National Assembly (NA) deputy suggested. Besides a lot of comments about renaming the country, the discussion of NA deputies on June 4 noted the opinion of Deputy Huynh Thanh (Gia Lai province) on changing the words of the National Anthem. Thanh said that Article 13 of the draft Constitution defines Van Cao’s “Tien Quan Ca” (Marching Song) as the National Anthem. He suggested changing the lyrics a little to fit with the new period of development of the country. "I find the current national anthem has a glorious melody and it goes into people's mind, but the lyrics should be changed to suit a new period of development of the country. For example, it is necessary to change words such as ‘The path to glory is … [Read more...] about Deputies propose to change National Anthem’s lyrics